青岛森麒麟轮胎股份有限公司关于2025年第四季度可转换公司债券转股情况的公告

Core Viewpoint - The announcement details the conversion of the company's convertible bonds and the adjustments to the conversion price over time, reflecting changes in the company's capital structure and stock performance. Group 1: Convertible Bond Issuance and Listing - The company issued 21,989,391 convertible bonds with a total value of 219,893.91 million RMB, each with a face value of 100 RMB, approved by the China Securities Regulatory Commission on November 11, 2021 [1] - The bonds were listed on the Shenzhen Stock Exchange starting December 6, 2021, under the name "麒麟转债" and the code "127050" [2] Group 2: Conversion Price Adjustments - The initial conversion price was set at 34.85 RMB per share, based on the average stock price prior to the bond issuance [3] - Following a cash dividend distribution of 1.7 RMB per 10 shares in April 2022, the conversion price was adjusted to 34.68 RMB per share [5] - In November 2022, the conversion price was further reduced to 28.52 RMB per share due to stock price performance, which triggered a downward adjustment clause [5] - The conversion price was adjusted to 28.67 RMB per share on August 30, 2023, following a new stock issuance [6] - Subsequent adjustments were made, with the conversion price set at 28.66 RMB per share in January 2024, 20.20 RMB per share in April 2024, and further adjustments leading to 19.95 RMB per share in October 2024 [7][8][9][10][11] Group 3: Conversion and Share Changes - In the fourth quarter of 2025, the company saw a reduction of 38,700 RMB (387 bonds) due to conversions, resulting in 1,998 shares converted [14] - As of December 31, 2025, the remaining balance of convertible bonds was 2,086,029,000 RMB (20,860,290 bonds) [14] - The company also reported an increase in shares due to stock option exercises, adding 17,623 shares under lock-up and 79,830 freely tradable shares [15]